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US economy contracts at 0.3% rate as Trump tariffs prompt import surge
The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by stockpiling imports. The slide in GDP for the period was worse than economists’ most recent forecasts and compared with the 2.
Key Takeaways The U.S. economy shrank at a 0.3% annual rate in the first quarter of the year, the first decrease in national ...
As recession fears reverberate from Washington to Wall Street, Wednesday brought the most comprehensive yardstick yet of the ...
The Commerce Department said U.S. gross domestic product fell at a seasonally and inflation adjusted 0.3% annual rate in the ...
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and ...
ToplineAs recession fears reverberate from Washington to Wall Street, Wednesday will bring the most comprehensive yardstick ...
Reducing federal support for research and development could cause long-run economic damage and reduce government revenue.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
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